Discussion in 'Payment Terms/Credit History' started by ashron, Jul 14, 2011.
Latest payment received at 80 days...
Our latest invoice has now reached over 70 days and their A/P has stopped responding to emails.
Yes, we did do load for you guys and was paid in 39 days. Thanks
I've watched this account as I have had past problems, and have noticed payment performance has been slipping since the summer.
Payments are closer to 60 days now and it seems that their A/P person is losing invoices that were sent by email to the same email address we have been using for some time...
Glad to hear you're moving forward and there was no fraud. Trucking can be very difficult! I've read many of your posts. Well done Neil!
Good job Neil.. sounds like you had some very bad luck, but you're back up on your feet again.
I hope you now insure your AR for credit after your experience with Salerno Bags. It would be a shame to be caught by another customer bankruptcy.
Hi HT, Johnny Chicken & others. (Big T - did you end up taking our load?)
I haven't been on this site lately but we are caught up in a mess with MET Circa 1994 and SBT (Sidwan-BET Transportation), double-triple and quadruple brokering one of our loads and I was searching for news on them (BET is suing our client for payment because MET double brokered our load to them and never paid them, ironically because they claim SBT double-brokered their load - friggen mess!) Anyway, I decided to search Ashron and see what is being said about us, if anything, since there was no chatter since 2011.
I am glad to hear you're getting paid relatively well, Johnny Chicken. Just a note, though, for those that don't know: Ashron Freight Services Inc. never had any difficulties. We are an international freight forwarder and truck broker. Unfortunately, I started an asset-based trucking co. in the end of 2008 and due to 3 main factors: 1. an idiot partner, 2. my negligence in not monitoring said idiot partner, and 3. our biggest client going bankrupt for $140,000.00 (Salerno Bags - they restructered & we didn't get a penny), we failed in 2011 and lots of carriers and truck industry suppliers lost money - most not too much, but there were quite a few. I had transferred the truck brokerage business from Ashron Freight Services to Ashron Transport to separate our two operations, "international air/ocean" and "north american trucking", so Ashron Freight Services really weren't involved or responsible for any of the Ashron Transport obligations. Some people thought there was fraud or malicious intent in this, and I understand their scepticism , but there was absolutely none. It was simply bad management and bad luck the trucking company failed and the whole thing cost me alot, about $500,000.00 (money I don't have and am still paying back after renegotiating my mortgage). I would not have kept my name, phone number and address, and replied to every inquiry/complaint/threat if I was hiding something or acting illegally or immorally. Most people responsible for situations like mine may be thieving a-holes; I am not.
Over time, I actually paid back in full most carriers that lost money doing loads for MY clients at Ashron. I paid back in part SOME of the carriers that did loads for the idiot partner's clients, but I advised most of them that I did not have the funds to pay back everyone and that they should press the idiot partner for some settlement to make them whole. The idiot partner started and bankrupt another company (after leaving Ashron Transport in the lurch) and God know where he is now.
It's been 5 years since the Ashron Transport bankruptcy and Ashron Freight Services is still chugging along. I am not getting rich with the business, but we're solid, I have professional and well-treated, happy staff, and we pay our bills regularly and on time (though we changed our policy from 30 days from invoice date to 30 days from POD received date because so many carriers were slow to send POD's). As always, I welcome any carrier to contact me directly if they have any issues Neil Smith 450-692-0444.
Have a nice day to all.
8 loads in 2016. All averaging 46 days.
We have done about 10 loads for Ashron in the past six months.
Payments seem to be like clockwork at around 45 days from invoice date for all of these.
Things seem to have changed there for the better.
Any update on Ashron Freight services inc. payment history? any body dealt with them recently? Did Neil end up paying for Ashron trucking as he mention in his postings?
Thanks for the kind words Clarence.
I hope this is true.
Ashron, I don't think people understand how unusual it is for Ashron Freight to try to compensate unsecured creditors of Ashron Transport, when Ashron Freight is under no legal obligation to do so. Sadly, I would guess that 90%+ of the people out there would wash their hands of these creditors, because it's the easy thing to do and it's completely legal, but that doesn't make it right. I hope you can make all Ashron Transport creditors whole and that they will come to recognize your efforts to do so....they may turn out to be your most loyal partners.
as Neil stated we did receive $700.00 dollar payment today from Ashron. This puts our account at $4300.00 outstanding from Feb/2011. Will keep you informed when we receive anything further.
Hello again all,
Just an update from Ashron Transport. Things have not changed - the company is virtually bankrupt and unable to meet their AP and bank commitments. I personally (Neil Smith - 50% partner of Ashron Transport for those who do not know) have however paid back some larger invoices in part and some small invoices in full to over 15 different companies who had not received payment from Ashron Transport.
I am doing this from my other international forwarding company, Ashron Freight Services Inc., which existed PRIOR to Ashron Transport and does primarily international air and ocean freight ,and since the problems with Ashron Transport, truck brokerage too. Ashron Transport Inc. was a trucking company that brokered about 50% of it's loads. This company had the financial trouble due to many factors, including some questionable management decisions that I admittedly was part of, but mainly due to the bankruptcy of our largest client, Salerno Bags, where we lost $137,000.00.
For the record, I made a partial payment today of $700.00 to Farmerscotty (thankfully his username gave me an idea of who he is) and I will continue to do my best to pay down his invoices, just as I have done and am doing with many other carriers. All I can say is that I am doing my best. If it is not good enough, I can only apologise to you sincerely and say that I will pay you back eventually with future earnings, but I need to make money in my current business to be able to pay anyone back. As I stated this in my other posts, Ashron Freight Services Inc, is existing only for me to earn a modest living and to pay off carriers that lost money with Ashron Transport. FYI, we are currently paying from 0 - 30 days max., significantly faster than the industry average.
Anyway, as usual, feel free to call me anytime at the same numbers 450-692-0444 (office) or 514-913-3480 (cel) and I will try any help you in any way I can. FYI, yes, these contact numbers are the same as Ashron Transport - it is because they belonged to Ashron Freight Services Inc. before Ashron Transport ever existed.
Owner/President - Ashron Freight Services Inc.
50% owner/Vice-President - Ashron Transport Inc.
At this rate you should be paid in full by the end of May 2012...that's quite a payment track...NOT!
It has taken over 4 months to receive only $500???
You have a long way to go if this is the "pay back" model they are using....
Appreciate the update but at the same time - sorry to hear that....
Just an update on our current situation with Ashron. 3 invoices totalling $5500.00 from Feb 23, 24, and 25th of 2011. So far we have received $500.00 and have been promised a cheque for a month now. I will update when I have more news.
Nice to see someone getting in here to respond to statements made about their company, welcome to the forum.
For the record, my problems were not caused by me not providing PODs, and I certainly wouldn't have much to complain about if I couldn't at least provide the POD.
I did end up speaking with Lionel during the collection process and found the information he provided me to be accurate. Unfortunately by this time the invoice was 60 days old. I received my payments at 69 and 73 days from invoice dates. Taking out 3 weeks to allow for mailing in both directions would mean that these invoices were paid approximately 48 to 52 days, not far off from your stated terms of 45 days from invoice receipt.
The problem for me was it was our first time dealing with your company so I wasn't sure if I could trust what I was told so I tried to get some info here.
Hi Krazysilk & Johnny-Chicken,
This is Neil Smith, Vice-President of Ashron Transport. Our current payment terms are average 45 days from date of receipt of invoice. Most of our suppliers are quite satisfied with our payments. Note that our billing procedures require POD's and carriers who can't/won't provide POD's inevitably encounter payment delays. Carriers who don't assist in settling disputes will have the same problem.
I welcome anyone to contact myself or the President of Ashron Transport, Lionel Lefebvre, for any problems regarding late payments. If you haven't received a payment on time, it is either a mistake; or we have not received a POD; or there is a dispute you have not addressed.
As a carrier, we are in the same boat as the rest of you and we're all just trying to make a living and offer the best service possible to our clients while respecting our suppliers.